CFS Bancorp, Inc. (the Company), an Indiana corporation, was incorporated in
March 1998 and is the holding company for Citizens Financial Bank (the Bank),
our banking subsidiary. The Bank, which was organized as a federally chartered
mutual savings and loan association and has been operating in Northwest Indiana
since 1934 and the Southern suburbs of Chicago, Illinois, since 1998, formed the
holding company in connection with its conversion from a mutual to stock savings
institution. We are currently subject to primary oversight and examination by
the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Bank
of Chicago (FRB). See "Regulation and Supervision of the Company and the Bank"
below in this "Business" section.
The Bank's executive offices are located in Munster, Indiana, and it has 20
full service banking centers located in Lake and Porter counties in Northwest
Indiana and Cook and DuPage counties in Illinois.